Renewals Underwriter - Inland Marine

Job description

Let’s care for tomorrow.   

Your ambitions.  Your dreams.  Your tomorrow   

At Allianz Commercial (AzC), we are the global leader for insuring corporate and specialty risks in the Allianz Group.  Whether it’s aircraft, satellites, the world’s biggest ships and tallest building, cyber-attacks, or climate change impacts, AzC has the major risks covered when it comes to protecting businesses. 

 

We are looking for an Underwriter to handle renewals across the U.S for our inland marine line of business. This role will be a hybrid schedule and based in our O’Fallon, Missouri office or we are seeking a candidate based in California.  

 

Your Team    

Allianz Commercial (AzC) is one of the largest marine insurers in the world, with a depth and breadth of marine capabilities that are unmatched in the industry. Allianz offers abroad portfolio of highly customizable products and an almost unlimited appetite for complex marine accounts that demand innovative solutions. We combine many years of technical experience, market-leading financial strength, and the ability to cover the largest and most challenging projects. 

 

Our marine insurance solutions include risk control program development and implementation, crew and operator safety training, and vessel, condition, and loss-prevention surveys. We work with a wide range of marine clients from across the globe, from logistics and multimodal transport operators to marina operators, vessel charters and shipbuilders. 

 

Our Inland Marine and Related Property Insurance solutions cover over 100 classes of business, covering all aspects of moving or movable property. Whether it's a building under construction or a shipment of an original Picasso, our inland marine insurance underwriters provide flexible and creative solutions for the most challenging of inland marine exposures. 

 

The Impact You Will Have   

Reporting to the Standard Renewal Director – Inland Marine, this position will take prime responsibility for underwriting profitable new and renewal business to meet the Inland Marine line of business targets in accordance with underwriting guidelines and underwriting authority. Negotiate price, terms, and conditions. Own key accounts/clients and develop and maintain strong relationships with producers and clients in partnership with Market Management. 

 

Some of your specific responsibilities could include:   

· 
Underwrite renewal accounts to meet top and bottom-line targets. Negotiate price and terms and conditions with key producer partners. Proactively manage capacity. Underwrite and evaluate Natural Catastrophe Accumulation, ensuring an understanding of catastrophe modeling and interpretation of scenarios (for relevant LoBs).  

· 
Underwrite in line with LoB governance framework - e.g., Underwriting Authorities, global MSU, Underwriting Guidelines, Rules and Principles. Ensure contract certainty is achieved on all accounts at time of inception. Ensure utilization of global pricing tools. Ensure placing and binding of FAC Reinsurance prior to policy inception 

· 
Ensure accurate policy documentation issued to producers (where AzC responsibility to do so) or producers has issued documentation (where producer responsibility). File maintenance – ensure file is established (whether electronic or paper) and maintained for each risk and transaction handled. Proactively support completion of policy administration and credit control processes 

· 
Retention of existing business (including client and producer negotiations where necessary). Proactively liaise with MMC on market management initiatives 

· 
Positively represent AzC externally to the market. Proactively drive involvement of functional areas in Underwriting process, including e.g., MMC, ARC, Claims, Operations.  

   

What You’ll Bring to the Role –   

· 
Minimum 1-3 years’ Proven track record in Underwriting profitable business in LoB. Understanding of LoB products and portfolio 

· 
Preferably a bachelor’s degree in Risk Management and Insurance, Economics, Finance, or Business Administration.  

· 
Experience with any of the following inland marine products a plus: related property, contractor’s equipment, jewelers block, transportation, motortruck cargo, warehouse legal liability, installation floaters, and/or cat exposures  

· 
Demonstrable, established relationships with brokers at peer group level 

· 
Good understanding of regional / local LoB insurance markets and competitor landscape  

· 
Understanding of legal and regulatory framework  

· 
Experience working in complex, global matrix organization 

· 
Ability to analyze highly complex data, from multiple sources, in detail; identify and resolve issues before they transpire. 

· 
Ability to express ideas and messages clearly, both written and verbally.  Ability to "sell" an improvised or prepared audience winning story  

 

The annualized base pay range for this role is $62,531 to $95,000. The annual base salary range represents a nationwide market range. The actual salary for this position may be above and will be determined by several factors, including the scope, complexity and location of the role, the skills, education, training, credentials, and experience of the candidate. The base pay is just one component of the AzC total compensation package. As part of our comprehensive compensation and highly rated benefits programs, employees are also eligible for annual performance-based cash incentive awards.

70391 | Underwriting | Professional | Allianz Commercial | Full-Time | Permanent

 

What’s in it for you?      

Let’s care about everything that makes you, you   

We are committed to nurturing an inclusive environment where everyone feels they belong.  We offer a hybrid working model, which recognizes the value of striking a balance between in-person collaboration and remote working.  Please feel free to discuss flexible working arrangements with us.   

   

Let’s care for your financial wellbeing    

We believe in rewarding performance with a great compensation and benefits package (details vary by location), including a generous bonus scheme and pension.   

   

Let’s care for your opportunities to progress   

From career development and digital learning programs to international career mobility, we offer lifelong learning for our employees worldwide and an environment where innovation, delivery and empowerment are fostered.   

   

Let’s care for life’s twists and turns   

From our support for flexible working, health, and wellbeing (including private healthcare and generous parental leave benefits), to helping people return from career breaks with experience that nothing else can teach.  We’ve got your back.   

   

Let’s care for our society and our planet   

With opportunities to be engaged in shaping a future that is safe, inclusive, and sustainable, we care for the tomorrows of our people, our industry, and our clients.   

   

Care to join us?   

Allianz Commercial (AzC) is a global corporate insurance carrier and part of Allianz Group. We provide risk consultancy, Property-Casualty insurance solutions and alternative risk transfer for a wide spectrum of commercial, corporate and specialty risks across 10 dedicated lines of business.  Learn more about us by clicking here .   

   

Allianz is an equal opportunity employer, and therefore welcomes applications regardless of ethnicity or cultural background, age, gender, nationality, religion, disability, sexual orientation, or any other protected characteristic.  Diversity of thinking is an important part of our company culture.   

   

Recruitment Agencies:    
AzC has an in-house recruitment team, which focuses on sourcing great candidates directly. AzC does not accept unsolicited resumes from agency or search firm recruiters.  Fees will not be paid in the event a candidate submitted by a recruiter without an agreement in place is hired.  When we do use agencies, we have a PSL in place, so please do not contact managers directly.   

 

Nearest Major Market: St Louis